Industry Newsearningsgoldmarket movementsfederal reserve
US Stocks Drift As Gold Soars Sharply
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U.S. stocks drift around record highs Thursday after mixed corporate earnings, with the S&P 500 edging up less than 0.1%, the Dow rising about 162 points and the Nasdaq down 0.6%. Microsoft plunged 10.4% on investor concern about AI and Azure spending while Meta and IBM topped expectations and gold surged 4.5% to $5,579 an ounce. The Federal Reserve paused further rate cuts Wednesday amid persistent inflation.
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Credible, timely AP market report with clear earnings and gold moves; limited long-term novelty beyond routine market reactions.
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